Paytm shares gain over 1% after Supreme Court stays Rs 5,712-crore GST notice against First Games
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Paytm shares jumped 1.4% to their day’s high of Rs 856.75 on the BSE after the Supreme Court stayed proceedings related to a Rs 5,712-crore Goods and Services Tax (GST) notice issued to Paytm-owned First Games by the Directorate General of GST Intelligence (DGGI), New Delhi. The update was shared in a regulatory filing by One97 Communications, the parent company of Paytm and its gaming arm, First Games. The notice, issued in April 2025, had prompted First Games to file a writ petition in the apex court. “We hereby inform you that First Games has informed us on May 24, 2025 at 10:44 am (IST) that in the writ petition …filed by First Games challenging the said SCN, the Hon’ble Supreme Court of India has on May 23, 2025 stayed the proceedings of the SCN,” One97 Communications said in the filing. The case revolves around the classification and taxation of real money gaming platforms under the GST regime—an issue affecting several companies in...